om the drawee - see Collections Introduction.

Collection Order

Form submitted, with documents, to the Remitting/Negotiating Bank by an exporter with his instructions - see Collections ?Introduction. Confirming

Act of a bank other than the issuing bank assuming the liability for payment, acceptance or negotiation of correctly presented documents under a DC - see Confirmation of DCs.

Consigment

Shipment of goods.

Consignee

The person/company/bank to whom the goods are delivered - usually the importer or the Collecting Bank - see Handling Import Collections.

Consignor

Also called shipper, is the person/company who sends goods by ship, by land or air.

Contingent Liability

A liability that arises only under specified conditions, e.g. when a bank opens a DC it incurs an obligation to make a future payment on condition that the terms are fully met.

D

DC Bills

Bills drawn under documentary credits.